Getting a Loan on Total Loss Home

[Katie Larson]

First of all, I’m new to this! I am interested in purchasing a property that was deemed a total loss by insurance due to a fire. The purchase price is fairly inexpensive, but I’m wondering how I would get financing for reconstruction of a home that is a total loss. I can’t imagine that a bank would provide a loan for that. Or am I wrong? Any suggestions? Thanks!!